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2009 SESSION

• | print version

HB 2518 Royalty payments from gas or oil drilling; property owners whose interest has been force-pooled.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Royalty payments from gas or oil drilling. Provides that property owners with an interest in oil or gas wells whose interest has been force-pooled shall receive a royalty payment of no less than one-eighth the value of production calculated at the point of the first arms-length sale. Such payment shall not be subject to reduction for operating or other costs.

FULL TEXT

• 01/16/09  House: Presented and ordered printed 098733680  pdf | impact statement
• 02/04/09  House: Committee substitute printed 093144680-H1  pdf | impact statement

HISTORY

• 01/16/09  House: Presented and ordered printed 098733680
• 01/16/09  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
• 02/04/09  House: Reported from Agriculture, Chesapeake and Natural Resources with substitute (22-Y 0-N)
• 02/04/09  House: Committee substitute printed 093144680-H1
• 02/05/09  House: Read first time
• 02/06/09  House: Passed by for the day
• 02/08/09  House: Passed by for the day
• 02/09/09  House: Stricken from House calendar